It's true, it's not the cheapest program around. But one thing we know is that there are people who will pay the price.
I just checked the particulars on the Nova SE program. 36 hours, $22,500. Tulane in only 25 hours a tad more at $25k, and a much better brand. For my money and time, Tulane is the clear winner.
The value is going to depend upon what your ultimate goals are. There are very few jobs that actually state, in a job description, that they'd prefer a Masters in Labor Law. Unions would be high up on that list. But it would likely never be a requirement for a job. It's a nice piece of resume candy for an HR person. But the same can be accomplished with an MBA or an MS in HR. Even an MS/MA in Management can do the trick. For HR people, HRCI certifications are greatly important. Specific Masters disciplines? Very seldom does an employer express a preference for one over the other (broadly, in the course of the search, not when dealing with individual candidates). So, is it a good value? To some it would be. I believe the Villanova MS in HR is somewhere around $30k. And Villanova has a lot more regional influence here than Tulane. But, if you have a job where having the degree in Labor Law is actually going to matter, then Tulane offers something that Villanova doesn't. Or you could go with an MBA at UMass Dartmouth for half the price of either. It's one of those situations where it's difficult to say that one is better than the other. Different people with different objectives are going to have different needs. Add to that the fact that many employers are going to pay the bill and you open up a whole new set of considerations. Still, looks like an interesting program.